Gold goes down in Asia
On Monday, gold went down in Asia as weekend surveys demonstrated momentum building for the “Remain” camp in the upcoming Brexit vote.
In New York, August delivery gold futures slumped 0.25%, trading at $1,291.50 per troy ounce. July delivery silver futures sank 0.01%, being worth $17.410 per troy ounce. At the same time July delivery copper futures traded at $2.066 per pound, showing a 0.58 surge.
In Japan, the adjusted trade balance accounted for ¥270 billion. That’s more than the excessive ¥130 billion expected for May. Meanwhile, exports fell 11.3%, which is more than the 10.4% year-on-year dip observed. As for imports, they came in as supposed, with a 13.8% tumble year-on-year.
The overall trade balance came in at a sag of ¥41 billion. It appeared to be the first deficit for up to four months.
Last week, on Friday, gold prices went down, while keeping to the previous session’s 22-month high because trading was still volatile before the UK’s June 23 vote on the EU membership.